2 Jul 2024
Semiconductor production by location
Source: Mike Zaccardi
2 Jul 2024
The first half of the year was a Tale of 2 Markets...
-Best of times: US large cap growth stocks, short duration bonds, US Dollar -Worst of times: Small caps, value, international, long duration bonds, Japanese Yen Source: Charlie Bilello
2 Jul 2024
The Japanese Yen is at its lowest level since 1986 against the US Dollar, losing 53% of its value from the 2011 peak.
Markets know that japan has a binding constraint: the fiscal one. They thus need to intervene to keeps yield low which means that they can NOT intervene to strengthen the yen. And so the Yen keeps falling... $JPYUSD Source: Charlie Bilello, Robin Brooks
1 Jul 2024
US yield curve steepens sharply after US presidential debate w/PredictIt’s live betting odds have jumped in Trump’s favor to almost 60%
US 2s/10s spread jumps by 7bps to -36bps. Source: HolgerZ, Bloomberg
27 Jun 2024
Wondering why the US stockmarket is eating the world?
Here's a visualisation of the digital trade divide... Markets & Mayhem
27 Jun 2024
US equity markets have never been more expensive than the rest of the world on a price to book basis.
Source: Tavi Costa, Bloomberg
26 Jun 2024
US equity markets have never been more expensive than the rest of the world on a price to book basis.
Source: Tavi Costa, Bloomberg
26 Jun 2024
The market has gone ahead of historical average return
Source: Goldman Sachs
